Daniel Finnigan

Marwan Kheireddine says that Lebanon is facing one of the worst economic crises since World War II. But there is hope for the country even after the pandemic and the Ukraine-Russia war left the country’s economy on its death bed. The Lebanese banker and thought leader, Marwan Kheireddine, notes that the country has vast resources, but reforms are essential in making the economy run again. According to him, it is time for the country to explore all available options to bring the economy back to normal.

More details are available on Marwan Kheireddines’s Twitter: https://twitter.com/mar1_k

Where Did the Crisis Start?

The economic crisis the country is facing started a long time ago, according to Kheireddine. However, it was the pandemic that ballooned the crisis and the prices of basic commodities started rising to unaffordable levels for many people. A blast that destroyed a major grain silo and killed about 220 people later added to the crisis. As the pandemic eased, the Ukraine-Russia war started and the economy has never been stable again. This is the main reason why the pandemic and the war affected the country this much. These challenges, he feels, can be corrected. Lebanon imports close to 85% of all consumer goods.

Reforms to Support the Private Sector, the Youth and Technology Adoption

Kheireddine says that the private sector has always supported the country’s economy significantly. The government needs to enable the private sector and start by paying their debt to the financial system and quash the unconstitutional agreement with the IMF to protect depositors. Next, Kheireddine suggests that the government needs to support the youth and the education system. Since his days as a finance professor, Marwan Kheireddine feels that education can change the country and the youth have the potential to bring the vibrancy needed in the manufacturing industry. Lastly, he feels that the country needs to adopt technology to thrive as a global economy.

Marwan Kheireddine: Golden Leadership Secrets

Marwan Kheireddine AM Bank’s chairman and a Lebanese banker, believes in embracing a “leaderful” approach to managing people. Kheireddine shares his top leadership secrets with you so that you can become a more effective leader in your own life and career.

Support Your Team

.1. Take care of your people. Kheireddine says it’s important to take care of your team physically and mentally. He recommends spending time with your team, listening to them, and providing regular feedback. Additionally, he stresses the importance of creating a positive work environment where employees feel appreciated and respected.

2. Inspire your team. One way to inspire your team is to provide clear goals and objectives, which will help them know what they’re working towards. Kheireddine recommends setting high standards for yourself and your team members and holding them accountable.

Be Transparent

Marwan Kheireddine served in Lebanon as the Minister of the state, where he learned a lot about being transparent as a leader, including:

1. Being transparent and open to feedback. As a leader, Kheireddine asserts that transparency about your goals and how you’re working towards them is important. And be willing to accept feedback—even negative—from your team members. This will help them better understand your vision and stay motivated when working on projects together.
2. Communicating effectively with your team. When it comes to communication, make sure you’re clear and concise. This will help your team members understand what you want them to do and why it’s important. And don’t forget to give them regular performance updates so they know how they’re doing.

More information: https://www.usek.edu.lb/en/board-of-trustees/mr-marwan-kheireddine

Conclusion

Marwan Kheireddine discusses the importance of building good relationships with your team and transparency to create a successful business. After reading this article, I think you will better understand how to lead a successful team and succeed in your business endeavors.